In addition to requiring local housing providers to meet the buyer eligibility requirements above, NCST has learned the most successful neighborhood stabilization programs and housing providers follow these five “C’s”:

Collaboration. An established partnership between government agencies, non-profits and other local stakeholders, with roles and areas of accountability clearly defined.

Concentration. Focus on defined geographic areas so that acquisition activities can be concentrated, increasing the likelihood of a tangible impact.

Comprehensiveness. Complement acquisition and rehabilitation of properties with related social investments, improvements to infrastructure and a marketing campaign.

Capacity. Include organizations with the ability to assess, acquire, manage, rehab and convey properties at scale.

Capital. Maintain sufficient resources, and public and private sources of capital, to conduct a successful stabilization program.

If you are interested in becoming a participating buyer, please contact us for more information.